Credit union · NCUA insured
Formation Credit Union Savings Rates
Formation Credit Union’s best savings rate is 0.31% APY on $10,000, with its Super Savings (S21). Rates checked October 16, 2026.
How Formation Credit Union’s savings rates compare
Compared with banks and credit unions near Baton Rouge, LA, where Formation Credit Union has the most branches. $10,000, best rate first.
This credit union’s best
Formation Credit Union
0.31%APY
- Requires
- None
- Minimum
- $2,500
- Earns on $10,000 a year
- $31
Super Savings (S21)
Top rate
Baton Rouge Telco FCU
3.85%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $385
2nd-highest rate
Ascension Credit Union
3.60%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $360
Formation Credit Union savings score
74
Savings score
Higher than 37% of U.S. banks and credit unions
- $1,000 balance$1,0000.20%
- $10,000 balance$10,0000.31%
- $100,000 balance$100,0000.42%
- QualifiedQualified0.31%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Formation Credit Union ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the credit union’s website. Earnings assume the rate doesn’t change.
Super Savings (S21)
Up to 0.31%APY
Minimum balance of $2,500 is required to open. Dividends are earned on all balances. Deposits must be made in increments of $250 or more and withdrawals must be made in increments of $500 or more.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $2,500 and upCalculated daily, paid quarterly. | 0.25% | $25 | Calculated daily, paid quarterly. |
| $10,000 and upCalculated daily, paid quarterly. | 0.31% | $31 | Calculated daily, paid quarterly. |
| $25,000 and upCalculated daily, paid quarterly. | 0.42% | — | Calculated daily, paid quarterly. |
Sources (3)
All captured Sep 18, 2026
Regular Savings (S1)
0.20%APY
No monthly fee. Minimum balance of $5. Earns dividends on balances greater than $100. Can provide overdraft protection from checking account. Up to $1,000 AD&D insurance at no additional cost.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upCalculated daily, paid quarterly. Minimum balance to earn dividends is $100.$100 and up | 0.20% | $20 | Calculated daily, paid quarterly. Minimum balance to earn dividends is $100. |
Sources (3)
All captured Sep 18, 2026
Special-purpose accounts
IRA Variable Accounts
1.00%APY
Contributions made easy with direct deposit or automatic transfers. No minimum deposit required.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Any balanceCalculated daily, paid quarterly.Any balance | 1.00% | $100 | Calculated daily, paid quarterly. |
Sources (3)
All captured Sep 18, 2026
Christmas Club Savings (S18)
0.20%APY
Funds auto transfer to savings account on November 1st of each year. Saving is made easy with direct deposit or automatic transfers.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Calculated daily, paid quarterly. Minimum balance to earn dividends is $0.01.Over $0 | 0.20% | $20 | Calculated daily, paid quarterly. Minimum balance to earn dividends is $0.01. |
Sources (3)
All captured Sep 18, 2026
Minor Savings (S5, S6)
0.20%APY
Available for members under age 18. $5 minimum balance.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| $100 and upCalculated daily, paid quarterly. Minimum balance to earn dividends is $100.$100 and up | 0.20% | $20 | Calculated daily, paid quarterly. Minimum balance to earn dividends is $100. |
Sources (3)
All captured Sep 18, 2026
Other Club Savings (S17)
0.20%APY
Save for special occasions or designated expenses. Saving is made easy with direct deposit or automatic transfers.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Calculated daily, paid quarterly. Minimum balance to earn dividends is $0.01.Over $0 | 0.20% | $20 | Calculated daily, paid quarterly. Minimum balance to earn dividends is $0.01. |
Sources (3)
All captured Sep 18, 2026
Who can join Formation Credit Union
We don’t have this credit union’s membership requirements here yet. Confirm that you can join before applying.